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glad president obama followed through and i think the right thing to do but if anything, i think the criticism that has arisen in the a last few years, there probably were too few strings aand, especially after the bone bown us ins started flowing again this is not to pick on jpmorgan chase. i assure you, looking at a wide variety of firms. this conduct was particularly flagrant. there have been other action brought that laid some groundwork that we took advantage of so we weren't wasting taxpayer money by reinventing the wheel, the fhfa brought a major case and the fhfa inspector general is one of our partners in the working group as well as justice, the s.e.c., hud and others. so, we are co-will be a bore writing bring as many actions as we can as quickly as we can, this just happens to be the first. >> attorney general schneiderman, four years now since the depths of the financial crisis thursday is the first gates gait for the president out of the working group for securities fraud is this the pound of flesh, everyone pushing for accountability forth banks on wall street, we are
glad president obama followed through and i think the right thing to do but if anything, i think the criticism that has arisen in the a last few years, there probably were too few strings aand, especially after the bone bown us ins started flowing again this is not to pick on jpmorgan chase. i assure you, looking at a wide variety of firms. this conduct was particularly flagrant. there have been other action brought that laid some groundwork that we took advantage of so we weren't wasting...
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if obama stays in the payout ratios are better for the group. i think you will see this return to in favor once again. >> pop for chesapeake energy. >> dennis was talking about natural gas. chesapeake is benefitting from that. >> drop for mosaic. >> they missed on earnings by about 15 cents. they are saying that demand for product in china is weak right now and they can probably hold off on buying there until the end of the year. >> jim has the ceo of mosaic on mad money. a pop for fly boarding. latest craze in australia. a jet ski hybrid. flyers are connected to a hose which uses water pressure. make sure you bring your wallet. they cost around $12,000 a piece. >> i love it. >> it look as lot smaller when he is on that. >> they take five inches off. drop for starbucks down 1%. >> this is another one not a cheap stock. a lot of future growth expected to come overseas in europe and asia. this is one that under performs the broad markets. i think a lot of people want to see after nike's results. >> drop for jc penney. >> ceo sounds like he is push
if obama stays in the payout ratios are better for the group. i think you will see this return to in favor once again. >> pop for chesapeake energy. >> dennis was talking about natural gas. chesapeake is benefitting from that. >> drop for mosaic. >> they missed on earnings by about 15 cents. they are saying that demand for product in china is weak right now and they can probably hold off on buying there until the end of the year. >> jim has the ceo of mosaic on mad...
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the he cexposure to obama care small so it's well-positioned. i asked him about lulu lemon. he said, listen, focus on what i said at the beginning of the remarks, which is to say the rumors about stock picking goes to the ridiculous. he's amused by the idea that he's a verb, a stock can be einhorned if he comments on it. he said many times there's nothing there, scott. a lot of fact and fiction at times. >> yeah, kate. the mere fact that einhorn is speaking to you is news in and of itself. the man doesn't speak for the media all that often. he does these presentations, but he so often does not stop to speak to folks like you about his picks, right? >> that's right. he does appear to be battening down the hatches more so, scott, than what he normally does because of the rumor effect that drove him crazy. he make jokes about when he clears his throat the stock starts to move during the confidences. i did buttonhole him and of the four ideas he shared what was the most surprising? we talked about cigna, and then we talked about lulu briefly. i think people were expecting to per
the he cexposure to obama care small so it's well-positioned. i asked him about lulu lemon. he said, listen, focus on what i said at the beginning of the remarks, which is to say the rumors about stock picking goes to the ridiculous. he's amused by the idea that he's a verb, a stock can be einhorned if he comments on it. he said many times there's nothing there, scott. a lot of fact and fiction at times. >> yeah, kate. the mere fact that einhorn is speaking to you is news in and of...
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dodd-frank same thing, obama care similar. there's this cadre of people writing the laws of our country without input from at least half the country. >> what's the most important thing you think needs to be tackled head on. you think the fiscal cliff is the first issue? >> there are a multiple of issues that have to be acted on and obviously the fiscal cliff is a very important one. the trouble is the fiscal cliff is probably too easy to solve and kick down the road, and so therefore i doubt we would be in the fiscal cliff. i'm not sure, to be honest with you, that a fiscal cliff falling off the edge is not exactly what america needs. >> is this a wake-up call do you think at this point? it's a pretty severe wake-up call to get. >> you're describing a wake-up call to rip van winkle. how many years have we been kicking the khan down the road. that's a wake-up call for rip van winkle, somebody who has been sleeping for a multitude of years. >> you're suggesting play with fire a little bit? >> i'm suggesting that i'm interested i
dodd-frank same thing, obama care similar. there's this cadre of people writing the laws of our country without input from at least half the country. >> what's the most important thing you think needs to be tackled head on. you think the fiscal cliff is the first issue? >> there are a multiple of issues that have to be acted on and obviously the fiscal cliff is a very important one. the trouble is the fiscal cliff is probably too easy to solve and kick down the road, and so...
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they're hearing president obama does not have the answer. they hear from the other side that neither does mitt romney. they're scared. so many of our clients have actually been on the sidelines. this has been a relatively low volume rally. i think it still has legs. i think multiples are reasonable and there's still room to go. >> that's what we have pondered here lately, dick. is this sort of stealth rally, as i called it before -- here we sit near 5 1/2 rear hiyear high the market, even as we worry and wring our hands over those issues. why do you think that is? >> well, i think that investors have been through a difficult decade, especially equity investors in the united states have suffered some real turmoil in their returns, and they've been bombarded by these messages that generate fear. they're legitimate concerns. the world is a very uncertain place. so we're telling -- >> who's buying -- that's the question, who's doing the buying right now? >> i don't think i have a perfect answer for you on that. i can't identify all the buyers ou
they're hearing president obama does not have the answer. they hear from the other side that neither does mitt romney. they're scared. so many of our clients have actually been on the sidelines. this has been a relatively low volume rally. i think it still has legs. i think multiples are reasonable and there's still room to go. >> that's what we have pondered here lately, dick. is this sort of stealth rally, as i called it before -- here we sit near 5 1/2 rear hiyear high the market, even...
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for the sake of a bit of background for the viewers, obviously, it working group created by president obama to try go after wrong doing that led to the financial crisis, you are saying it could be the first of many, say this will set a litmus test or precedent for further cases? >> i would assume enforcement actions along the line. >> frustrating thing about the crisis and the aftermath, the cleanup phase is obvious, things don't get fixed, don't get address ready. in 2006, looking at the databases that contained the loans and securitizations, it was nuts what we were seeing, very high debt-to-income ratios, steep payment resets. these loans were made to default, either investors looked the other way, play is been some of that or not enough due diligence or misrepresentation what was in the trusts, doesn't surprise me these actions are being brought. does surprise any is so long after after. >> i don't think it will hinder jpmorgan chase's abilities to make loans. i'm not sure i would draw this connection. it underscores a broader point we want the institution and lending and enforcement ef
for the sake of a bit of background for the viewers, obviously, it working group created by president obama to try go after wrong doing that led to the financial crisis, you are saying it could be the first of many, say this will set a litmus test or precedent for further cases? >> i would assume enforcement actions along the line. >> frustrating thing about the crisis and the aftermath, the cleanup phase is obvious, things don't get fixed, don't get address ready. in 2006, looking...
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mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> as we hit new record mortgage rates, i just sat down with the ce
mitt romney attacked obama's decision... said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side? customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm...